CPO producer PT Bakrie Sumatera Plantations Tbk (UNSP) has confirmed to be a consortium leader of buyers for plantation company PT Domba Agro Mas, an affiliated firm of Dombas Mas Group.
As reported by Inilah.com today, the consortium will buy Domba Agro Mas at around US$500 million, equal to its total debt. The purchase is scheduled to complete by the end of this year.
Domba Mas has debts of Rp1.3 trillion to banks consortium. PT Bank Mandiri Tbk and PT Bank Rakyat Indonesia Tbk are members of the consortium.